Deere & Company (NYSE:DE) will be announcing its earnings results before the market opens on Wednesday, November 22nd. Analysts expect the company to announce earnings of $1.45 per share for the quarter.
Deere & (NYSE:DE) last issued its quarterly earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.92 billion. Deere & had a return on equity of 25.96% and a net margin of 6.81%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. On average, analysts expect Deere & to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of Deere & Company (DE) opened at $132.88 on Wednesday. The company has a market capitalization of $42,380.00, a PE ratio of 22.14, a PEG ratio of 2.39 and a beta of 0.73. Deere & Company has a twelve month low of $90.75 and a twelve month high of $136.69. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were issued a $0.60 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.81%. Deere &’s dividend payout ratio (DPR) is 40.07%.
A number of analysts have recently commented on DE shares. BidaskClub upgraded Deere & from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) upgraded Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target on the stock in a report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $125.00 price target on shares of Deere & in a report on Wednesday, August 9th. Deutsche Bank AG restated a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of Deere & in a report on Friday, August 11th. Finally, Bank of America Corporation lowered Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price target on the stock. in a report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $129.08.
In other news, insider Pentz Markwart Von sold 24,143 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $135.33, for a total value of $3,267,272.19. Following the transaction, the insider now owns 57,086 shares of the company’s stock, valued at $7,725,448.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John C. May II sold 22,095 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $127.04, for a total value of $2,806,948.80. Following the completion of the transaction, the insider now directly owns 51,429 shares in the company, valued at approximately $6,533,540.16. The disclosure for this sale can be found here. Insiders sold 149,141 shares of company stock worth $18,694,199 in the last ninety days. 0.75% of the stock is owned by company insiders.
About Deere &
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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